New Issue: BMO sells $20,000 6.5-year notes with cap, par floor tied to Stoxx 50

By Marisa Wong

Morgantown, W.Va., Dec. 11 – Bank of Montreal priced $20,000 of 0% notes due May 31, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum payment of $1,650 per $1,000 principal amount. If the index falls, the payout will be par.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Notes
Underlying index:	Euro Stoxx 50
Amount:	$20,000
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return, capped at 65%; if index falls, par
Initial level:	3,564.02
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	BMO Capital Markets Corp.
Fees:	3.85%
Cusip:	06367TN22

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